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This robot-run fund loaded up on Tesla because it thinks the stock will soar – MarketWatch

AMOM also bought shares in Facebook, Nvidia, Home Depot and Adobe at the beginning of May

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An exchange-traded fund driven by artificial intelligence has just loaded up on shares in Tesla and it has a history of correctly predicting the stocks price swings. The electric-vehicle company now makes up 6% of its portfolio, and is the funds third-largest holding after online retailer Amazon
AMZN,
+1.94%
and social-media platform Facebook
FB,
+3.50%
.The Qraft AI-Enhanced U.S. Large Cap Momentum ETF, trading as AMOM
AMOM,
+2.92%
on the New York Stock Exchange, bought around $1.4 million…

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